Saturday, 20 September 2014
Last updated 12 hours ago
Feb 15 2013 | 2:21am ET
Hedge funds suffered their worst outflows in nearly four years in December, with investors pulling more than $20 billion from the industry as 2012 drew to a close.
The huge withdrawals, the highest in 44 months, swamped the modest inflows that hedge funds had seen during the first 11 months of last year. The $20.7 billion net outflow in December left the industry $14.2 billion poorer for the year, according to BarclayHedge and TrimTabs Investment Research.
“Underperformance versus the S&P 500 Index is a likely culprit in last year’s outflows,” BarclayHedge founder Sol Waksman said. “We found that from 2010 through 2012, hedge funds gained 14.1% while the S&P 500 Index rose 27.9%. That’s a major shift from the trend over the past five years, when hedge funds gained 10.7% while the S&P 500 was essentially flat.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.